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First Majestic Silver Corp. (AG:CA) Scotiabank Sees Stock Overvalued by 40 Percent

Stock Target Advisor News - Stock Target Advisor - Sun Jan 18, 11:10PM CST
First Majestic Silver Corp. (AG:CA) Scotiabank Sees Stock Overvalued

Scotiabank maintained its “Sector Perform” rating on First Majestic Silver while maintaining a 12 month target price of C$17.40 per share on the stock. The “Sector Perform” rating designation suggests that the firm expects the stock to perform in line with the broader market rather than outperform in the next 12 month period. The analysts forecast suggest that the stock is currently overvalued by 40 percent. Scotiabank’s stance reflects a balanced view of the company’s fundamentals and risk profile, as it sees First Majestic’s established silver production and asset base offset by ongoing volatility in silver prices, mining cost pressures, and earnings consistency.

The post First Majestic Silver Corp. (AG:CA) Scotiabank Sees Stock Overvalued by 40 Percent appeared first on Stock Target Advisor.

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